23 мая 2024 г. · So if you paid >$10k a year in state and property taxes you can claim the full SALT deduction and on top of that claim any mortgage interest.

24 окт. 2023 г. · Mortgage interest is an itemized deduction. This just means that when you file your tax return, your taxable income will be reduced by the ...

10 дек. 2023 г. · The total interest deduction is on a max loan of $750K, so on an annual basis that would be $52.5K.

7 сент. 2024 г. · Here's the quick math - mortgage interest deduction is limited to the first $750k of principal. So if your loan is bigger than that, your ...

29 мар. 2024 г. · If the deductible limit is $750k, that gives me 85% ($750,000/$878,000) that I can deduct of my mortgage interest. What is the correct way to ...

30 окт. 2024 г. · I'd say the 72k in mortgage interest will get them above the standard deduction.

19 мая 2024 г. · Mortgage interest and property taxes create a deduction when they exceed your standard deduction. 2024 standard deduction is $14,600 single and ...

26 мая 2024 г. · Now there is also SALT (state and local taxes), but that is capped at $10k/yr which would only net you a max of $2,400/yr or $200 a month.

5 дек. 2023 г. · The standard deduction is $13,850. If you have itemized deductions greater than the standard deduction, you should itemize instead. If you ...

8 нояб. 2023 г. · The standard deduction for married couples guess up to 29k, which means we would want to go to the itemized deduction.